Coinbase Reveals Tiered Rewards Structure for One Card

Coinbase has revealed the details of its tiered Bitcoin-back rewards structure for its One Card. The reward rates are determined by the amount of assets held on Coinbase, with higher reward rates available at higher asset thresholds. For example, cardholders who maintain a total balance of $100,000 or more will receive 4% back on their eligible purchases, up to $10,000 per month.

The terms clarify that reward caps reset monthly and rewards are considered non-taxable rebates when received. Cardholders retain direct control over their crypto assets unless they actively choose staking or lending.